Meyers has been an SNL cast member for 12 seasons and has been the sketch comedy's head writer for eight of them.

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Seth Meyers has officially been tapped as the new host of "Late Night" when Jimmy Fallon takes over for Jay Leno on "The Tonight Show" in 2014.

He's going from Saturday night to every weeknight!

Saturday Night Live's Seth Meyers has officially been tapped as the new host of "Late Night" when Jimmy Fallon takes over for Jay Leno on "The Tonight Show" in 2014, NBC president Bob Greenblatt announced on Sunday.

"I only have to work for Lorne [Michaels] for five more years before I pay him back for the time I totaled his car," Meyers said in a statement. "12:30 on NBC has long been incredible real estate. I hope I can do it justice."

"We think Seth is one of the brightest, most insightful comedy writers and performers of his generation. His years at SNL's 'Weekend Update' desk, not to mention being head writer of the show for many seasons, helped him hone a topical brand of comedy that is perfect for the Late Night franchise," Greenblatt said in a statement. "On behalf of Steve Burke, Ted Harbert and Paul Telegdy, we couldn't be happier that Seth and Jimmy Fallon will be continuing their careers at NBC after growing up in this network's late night legacy."

Lorne Michaels, executive producer of "Saturday Night Live" and "Late Night," added, "Since 1982, there have been three 'Late Night' hosts starting with David Letterman, and Seth couldn't be in better company."

Meyers has been an SNL cast member for 12 seasons and has been the sketch comedy's head writer for eight of them. He's manned the Weekend Update desk for seven seasons. Rumors of Meyers taking over at Late Night began soon after Fallon was officially named Leno's replacement.